Obama Tries Tough Sale of Trade Deal to Fellow Democrats

TODAY: April 18, 2015 PUB DATE: April 18, 2015

By Colleen McCain Nelson And William Mauldin WASHINGTON--President Barack Obama defended his push Friday to strike a major trade deal with 11 Pacific nations as necessary to boost the economy and help working Americans, but acknowledged a tough battle ahead ...

Costco Raises Dividend, Reauthorizes Buybacks

TODAY: April 18, 2015 PUB DATE: April 18, 2015

Costco Wholesale Corp. said Friday that it is raising its quarterly dividend 13% and reauthorizing a $4 billion repurchase program, moves that follow what some analysts called one of its strongest quarters ever. The retailer is lifting its quarterly dividend ...

Stock Markets Around Globe Lose Their Footing

TODAY: April 18, 2015 PUB DATE: April 18, 2015

By Corrie Driebusch Stock markets from the U.S. to Europe to China took a beating on Friday on fresh fears about Greece and wobbly corporate earnings, with the Dow Jones Industrial Average giving up all but 3.23 points of its ...

U.S. Suggests Compromise on Iran Sanctions

TODAY: April 18, 2015 PUB DATE: April 18, 2015

By Carol E. Lee And Jay Solomon WASHINGTON--President Barack Obama suggested on Friday that Iran could receive significant economic relief immediately after concluding a deal to curb its nuclear program, a gesture towards one of Tehran's key demands. Mr. Obama ...

Costco Raises Dividend, Reauthorizes Repurchase Program

TODAY: April 18, 2015 PUB DATE: April 18, 2015

By Lisa Beilfuss Costco Wholesale Corp. said Friday that it is raising its quarterly dividend 13% and reauthorizing a $4 billion repurchase program, moves that follow what some analysts called one of its strongest quarters ever. The retailer is lifting ...

Senators Introduce 'Fast Track' Trade Bill -- Update

TODAY: April 18, 2015 PUB DATE: April 17, 2015

By William Mauldin WASHINGTON--A deal reached by lawmakers Thursday would pave the way for President Barack Obama to conclude a major Pacific trade agreement with rare Republican help, but the measure is triggering a fight within a Democratic Party increasingly ...

Fed Is Expected to Shift on Muni Bonds

TODAY: April 18, 2015 PUB DATE: April 17, 2015

By Andrew Ackerman And Victoria McGrane WASHINGTON--In a change of heart, the Federal Reserve will allow big U.S. banks to use some municipal bonds to meet new rules aimed at ensuring they have enough cash during a financial-market meltdown, according ...

European Prices Fall for Fourth Month

TODAY: April 18, 2015 PUB DATE: April 17, 2015

Consumer prices across the European Union fell for the fourth straight month in March, but at a slower rate, a sign that the threat of a slide into deflation is easing as central banks launched new stimulus measures and energy ...

German Bonds Near New High on Greece Fears

TODAY: April 18, 2015 PUB DATE: April 17, 2015

By Josie Cox German government bonds continued to hover around record highs Friday, buoyed by the European Central Bank's commitment to stimulus, coupled with investors' appetite for low-risk assets in the face of growing concerns over the future of Greece. ...

European Stocks Tumble as Greece Crisis Roils Markets -- 4th Update

TODAY: April 18, 2015 PUB DATE: April 17, 2015

By Josie Cox and Andrea Tryphonides European stocks tumbled Friday and German government bonds traded at record low yields, with Greece's debt crisis continuing to roil markets. The Stoxx Europe 600 index fell 1.5%, with the subindex of banking stocks ...

Coke Acquires Chinese Drinks Business--Update

TODAY: April 18, 2015 PUB DATE: April 17, 2015

By Prudence Ho And Chester Yung HONG KONG-- Coca-Cola Co. has agreed to buy a Chinese drinks business, its first attempt to buy a mainland firm after a high-profile rejection by Beijing of its bid for a maker of juices ...

China Premier Urges Banks to Step Up Lending -- Update

TODAY: April 18, 2015 PUB DATE: April 17, 2015

BEIJING--China's Premier Li Keqiang urged banks to step up their efforts to support economic growth, while encouraging them to roll over loans when needed. During visits to two of the country's big state banks, Mr. Li said China's economy is ...

U.S. Consumer Prices Up 0.2% in March

TODAY: April 18, 2015 PUB DATE: April 17, 2015

WASHINGTON--U.S. consumer prices increased for the second consecutive month in March after falling through much of the winter, a sign that U.S. inflation may be stabilizing. The consumer-price index, which reflects what Americans pay for everything from sneakers to airline ...

Greek Bailout Talks to be Held Saturday

TODAY: April 18, 2015 PUB DATE: April 17, 2015

By Gabriele Steinhauser BRUSSELS--Greece and the institutions overseeing its bailout will resume technical talks on the country's overhaul plans Saturday afternoon, a European Commission spokeswoman said Friday. Meetings of the so-called Brussels Group--which in addition to the commission and Greek ...

Canada Retail Sales Advance 1.7% in February

TODAY: April 18, 2015 PUB DATE: April 17, 2015

By Paul Vieira OTTAWA--Canadian retail sales advanced in February by the most in eight months, besting expectations and ending a two-month streak of deep declines, as receipts rose at gasoline stations and activity at car dealerships perked up. Retail sales ...

Global Stock Markets Sell Off

TODAY: April 18, 2015 PUB DATE: April 17, 2015

By Saumya Vaishampayan And Corrie Driebusch Global stocks slumped and European bond yields touched fresh lows Friday, driven by a new round of jitters over Greek finances, a crackdown on stock-market borrowing in China and a flurry of subpar U.S. ...

European Stocks Tumble as Greece Crisis Roils Markets -- 7th Update

TODAY: April 18, 2015 PUB DATE: April 17, 2015

By Josie Cox and Andrea Tryphonides Jitters over the financial future of Greece roiled global markets on Friday, with equities falling sharply and demand surging for assets considered safest during times of stress such as German government bonds. The Stoxx ...

CURRENCIES: Dollar Rises Along With Greek-default Fears

TODAY: April 18, 2015 PUB DATE: April 17, 2015

By Joseph Adinolfi, MarketWatch , Hiroyuki Kachi Canadian dollar rises to nearly 3-month high after strong data The U.S. dollar inched higher against its main rivals Friday, snapping three sessions of losses, as fears of a Greek default drove the ...

Canada Retail Sales Advance 1.7% in February -- Update

TODAY: April 18, 2015 PUB DATE: April 17, 2015

By Paul Vieira OTTAWA--Canadian retail sales ended a two-month streak of deep declines in February, rising a better-than-expected 1.7% on stronger gas-station receipts and a pickup in activity at car dealerships. The February gain, the biggest in eight months, was ...